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Friday, Dec 2, 2022
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January Unemployment Up

OC’s unadjusted unemployment rate rose to 3.9% in January from revised 3.5% in December and below the 4.1% reported in the same period last year, the state Employment Development Department said.

Orange County employees totaled 1.57 million, a decline of 28,100 nonfarm jobs compared with December, as local retailers cut payroll by 7,000 after the holidays.

Professional and business services reported the second largest month-to-month decline with a loss of 5,600 jobs; some 65% of those losses were in administrative and support services, which includes temporary help firms.

Other employment decreases include government, down 4,600 jobs; leisure and hospitality, down 2,900; construction and manufacturing, down 2,300 each; and financial activities, down 2,100.

OC on a year-over-year basis in January added 16,800 jobs, led by 3,500 jobs in professional services for a total of 295,000, and 3,500 in leisure, which has 208,200. Manufacturing jobs fell 500 to 154,800.

Statewide, California’s unadjusted unemployment rate fell to 5.1% from 5.2% in December as the state added 9,700 nonfarm payroll jobs. The rate was 5.7% in January of 2016.

On a year-over-year basis, nine of the state’s eleven industry sectors added 338,200 jobs, led by education and health services, up 3.7%, and government, up 2.4%. Manufacturing jobs declined 0.4%, or 4,800 jobs, while mining and logging dropped 11%, or 2,900 jobs.

Statewide, 386,875 people received unemployment benefits in January, up from 367,944 in December and down from 410,293 in the same period last year.

The U.S. reported 4.8% unemployment in January compared with 4.7% in December.

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Peter J. Brennan
Peter J. Brennan
Peter J. Brennan has been a journalist for 40 years. He spent a decade in Latin America covering wars, narcotic traffickers, earthquakes, and business. His resume includes 15 years at Bloomberg News where his headlines and articles sometimes moved the market caps of companies he covered by hundreds of millions of dollars. His articles have been published worldwide, including the New York Times and the Washington Post; he's appeared on CNN, CBC, BBC, and Bloomberg TV. He was awarded a Kiplinger Fellowship at The Ohio State University.
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